Santo Domingo.- Manuel E. Bonilla, the new president of the Canadian miner Barrick Gold’s local operation announced that the area’s cleanup and environmental management will cost US$450 million.
“With this Pueblo Viejo becomes the biggest environmental cleanup project in the mining world,” Bonilla said in a statement. “Without Barrick’s funds and technologies, Pueblo Viejo would’ve continued aggravating the situation in the area and contaminating the zone. Today we are accelerating the recovery of all the preexisting damages to the maximum.”
The executive said to date, the mine’s infrastructure construction is 60% complete and expected to start extraction operations at the end this year or the beginning of the next.
The executive stressed that Barrick is not only committed to assume the cleanup of the environmental damages within the reserve, since it will also take charge of 100% of the adjacent zones.
“Barrick Pueblo Viejo made a pledge to the Government to handle the existing environmental problems within the fiscal reserve assigned to the company and it then decided to pay for 100% of the bordering zone’s cleanup, an additional cost estimated at US$75 million.”
Bonilla’s executive experience and diverse specialties are in marketing as well as in strategic planning, and has headed well-known companies in the country such as Verizon (Codetel) and Wind Telecom.